Nairobi, May 12 -- Pan-African banking group Ecobank has more than doubled its impairment losses on Ghana's distressed Eurobonds to $183 million, underscoring the extend of risks that African lenders ... Read More
Nairobi, May 12 -- The Bank of South Sudan (BoSS) expects more inflationary pressures and weakening of the South Sudanese pound as a result of the continuous decline in forex reserves, highlighting th... Read More
Nairobi, May 12 -- East African Cables could raise only Ksh31.29 million ($234,713) from the sale of its stake in the Tanzania subsidiary after the investment was impaired by over Ksh83 million ($628,... Read More
Nairobi, May 11 -- Absa Bank Kenya is refocusing its resources towards strengthening the retail business, as competition for the low-end part of the market deepens among lenders seeking to grow profit... Read More
Nairobi, May 5 -- Kenya's microfinance banks (MFBs) are facing uncertain growth prospects as banks, telecommunications companies and the digital credit providers scramble for a piece of the low-end ma... Read More
Nairobi, April 27 -- Pan-African banking group United Bank for Africa (UBA) has acquired more stakes in its Kenyan and Ugandan subsidiaries in the wake of a rush by Nigerian lenders to penetrate the E... Read More
Nairobi, April 27 -- South Sudan's National Audit Chamber wants the Ministry of Finance and Planning to account for the use of $114.4 million received from the International Monetary Fund (IMF) for bu... Read More
Nairobi, April 27 -- Rwanda recorded a 39 percent growth in the number of customers taking up loans with commercial banks in 12 months to June 30, 2023, supported by fresh measures by the central bank... Read More
Nairobi, April 21 -- Several African countries reeling under the weight of economic and political problems are banking on rescue interventions from the World Bank and the International Monetary Fund (... Read More
Nairobi, April 21 -- The United Nations Conference on Trade and Development (UNCTAD) has warned developing countries facing a high risk of debt distress against issuing more Eurobonds. The UN agency,... Read More